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Search Results 0 to 39 of about 40 (some duplicates have been removed)
FOX Business
Nov 28, 2012 7:00pm EST
department criminal investigation of the gulf spill. up next, president obama is not at the negotiating table, no schedule for negotiating on the president's schedule, just about 30 days until the fiscal cliff arrives. the "a-team" is here to tell us what the president is doing. what is his real game? what is up on capitol hill? regal explain the president's strategy. twins. i didn't see them coming. i have obligations. cute obligations, but obligatio. i need to rethink the core of my portfolio. what i really need is sleep. intrucing the ishares core, building blocks for the heart of your portfolio. find outhy 9 out of 10 large professional investors building blocks for the choose ishares for their etfs. ishares by blackck. call 1-800-ishes for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. ♪ lou: well, joining us now, economist, author, a pulitzer prize-winning new york columnist, fox news contributor, and democratic strategist. the you think we're going to go over th
FOX Business
Dec 5, 2012 7:00pm EST
in the negotiations if there were negotiations. president obama and speaker john boehner actually talked to one another. it was on the telephone. it was not the face-to-face meeting the speaker says is necessary, but it was the first time that the two men have spoken in a week. for the latest on these stalled negotiations, we turn to fox news chief white house correspondent ed henry for the report. >> trying to lay blame for stalled budget talks on republicans, president obama today wratcheted up pressure on boehner. >> nobody wants this done more than me. >> for the first time, plan for massive spending cuts from going over the fiscal cliff warning business executives, the economy could take another hit if republicans decide to extend just to middle class tax cuts to avoid the cliff for now and come back next year with more leverage to tie spending cuts and medicare reform to another hike in the nation's debt ceiling. >> we're not going to play that game next year. if congress, in any way suggests they tie negotiations to debt ceiling votes, and take us to the brink of default again as part of
CNBC
Nov 29, 2012 4:00am EST
on the fiscal cliff. geithner is president obama's lead negotiator in the budget talks. he'll first meet with harry reid at 10:00 followed by john boehner, eric cantor and paul ryan. geithner will lunch with mitch mcconnell and then he'll meet with house minority leader nancy pelosi. president obama is signaling he's flexible on where tax rate shoes go if the wealthiest americans. return to clinton era tax rates would have house holds playing between 36% to nearly 40%. the president met with a group of ceos wednesday. they offered support for resolving the fiscal cliff crisis with a proposal that includes higher taxes for those who make more than a quarter million dollars a year. >> at this point both sides have acknowledged that there is going to be revenue concessions and there will be entitlement concessions. in fact if you listen to it, again, i'm not a master of the political art here, but i would say if you have these point of views in the business context as close as they are, i would say a deal would be in reach. >> interesting. bill ford jr. agrees with blankfein saying he's con
FOX Business
Dec 3, 2012 11:00am EST
of negotiating a tax cut, and president obama gets to negotiate a tax cut with republicans, a lot more fun and easier to do than tax increases. i don't know they get more leverage in the new year with the possible exception that the fact that, you know, the debt ceiling will loom again, hitting that debt ceiling giving republicans some leverage down the road, but in the short term, you're right, the leverage goes more to president obama right now. >> i have fiscal cliff fatigue. thank you very much. >> sure. tracy: we all do, dennis, but we have to talk about it because congress has to deal with it. we have a new gallup poll showing 5 # 4% of the voters rate the honesty of members of congress below that of used car salesmen. dianne black of tennessee joins us from the home state to hear what the constituents are telling her. what are con constituents sayin? >> well, you know, i'm hearing -oth from my individual constituents and business owners they are really concerned about the spending problem in washington. that's not really talked about. there's a lot of focus on the other side, but th
FOX Business
Nov 30, 2012 7:00pm EST
. >> president obama got his wish rather than negotiating with republicans he was simmering them back on the campaign trail at a factory in pennsylvania that makes angry birds toys. >> it's not acceptable to me, and i don't think it's acceptable to you for and full of republicans in congress told middle-class tax cuts hostage simply because they don't want tax rates on upper income folks to go up. >> within minutes the speaker fired back that the talks are now on life support. >> there is a stalemate. let's not kid ourselves. >> replan the president for sending treasury secretary to capitol hill with a proposal that led senate republican leader to literally burst out laughing. >> the white house took three weeks to respond with any kind of a proposal. much to my disappointment it was not a serious one. >> the president campaigns on $800 -- 800 billion in tax increases by ending the bush tax cuts for the wealthy, but is now proposing. adding tax hikes on dividends and capital gains. the white house wants 50 billion in new spending next year alone in a long-term deal that is supposed to
FOX Business
Nov 28, 2012 10:00pm EST
that is what they do all day. i don't think this embarrasses them some people think that is a negotiating strategy. here's the challenge. we need to focus on the fact that obama and the democrats have no plans, no intention of reform, they're just talking about tax increases. when that is obvious then the balance of power inwhat is going on in d.c. ships. what i have argue for a couple days is that the egotiations need to be in front of c-span cameras because the white house -- the president is out there saying to mine working on this. lou: you're losing me. i need to understand what you're saying. sometimes i have limited comprehension. you're saying the balance of power shifts. the fact is the numbers will change only with the new congress. and if we wait until the new congress we have a balance of power that is not particularly helpful to the republicansand their position, therefore we have a fiscal clef, if you will, tax hikes, budget cuts that the incipient point is january 1st 2013, as you know. what stops this country from going into that situation? >> the danger is that obama over
CNBC
Dec 6, 2012 6:00am EST
? >> it is interesting if you look at the negotiations that president obama offered this massive tax increase with no concessions and this sort of outrageous request on the debt limit which was a really aggressive first offer. and then the republican s countered with a moderate reasonable plan exactly modeled after a proposal by erskine bowles. so if you're trying to handicap the negotiations, you'd have to concede that dana is on to something. >> really. so -- >> at least like the starting point. so basically the starting point for the republicans is what president obama probably would have viewed as a victory if they had the negotiation. >> yeah, he wanted another 400 supposed supposedly. how does simpson-bowles get to -- how does it raise revenue? what's the number that it raises? >> well, it depends because they have a bunch of different simpson-bowles plans. like in the bowles-simpson report, there are three different tax plans and then the thing that the republicans modeled after was something that bowles said in a hearing. >> it's interesting when you look at what these plans are laid
PBS
Dec 5, 2012 4:30pm PST
for the wealthiest americans. president obama said basically the same thing but added one more hard line to the negotiations. >> if congress in any way suggests that they're going to tie negotiations to a debt ceiling vote and take us to the brink of default once again, as part of a budget negotiation-- which, by the way, we have never done in our history until we did it last year-- i will not play that game. >> late todathe president spoke by telephone with house speaker john boehner. no specifics on what they said to each other, but it was their first conversation in a week. eventually the two sides will get down to bargaining over specifics, including entitlements. one idea may be to change the way the government measures inflation. that may sound like a small change, but, as darren gersh reports, it could have a big impact. >> reporter: if the price of oranges goes up, consumers will buy apples and other cheaper foods. we know that. economists call that switching "substitution," but that change in bevior doesn't show up in the official inflation rate. so most economists think the cur
FOX Business
Dec 3, 2012 3:00pm EST
that the president is leaning heavily towards lew. the big tests, obviously, are these negotiations being led by geithner, and that begins on january 20th when president obama's reinaugurated or inaugurated for a second term, he steps down, he has to appoint someone else, and most people say it's lew's to lose, so to speak. [laughter] like i said, geithner's leading these negotiations, lew is a key component. and depending how they turn out, if they turn out anywhere near what the president wants dub and i'll tell you, he wants a lot. mostly tax increases, $1.6 trillion in tax increases, you know, double what he wanted during the campaign, he's calling for some budget cuts, but they're very unspecified, so most people don't believe they'll happen. if lew gets to preserve some of that in a deal with republicans, you know, he's golden. most people don't think they'll get all of that, but there's flies in the ointment we should point out. larry fink is often set to be on the periphery, major democratic supporter of president obama during his first term. he's said to be kind of like on a short li
CNBC
Dec 4, 2012 4:00am EST
will continue to negotiate ways to avoid the year end fiscal cliff. and president obama's also meeting with a group of u.s. governors at around 10:00 a.m. eastern. the bipartisan group includes delaware governor jack mar account kell, mary fallon, scott walker. they will discuss possible solutions to the fiscal cliff and how it will impact their states. the group also expected to meet with house republicans later this week. and oracle is the latest amongst the group of companies to speed up dividend payments as a means of avoiding possible tax hikes for investors because of the fiscal cliff discussions. the company will pay difference tends fors next three quarters totaling 18 cents a share. the ceo didn't take part in the decision but will benefit. he owns 23% stake, that means he'll get around $198 million. pretty good. daniel, what is the share buy back dividend play at the moment, how strong an impact wheth will it have? >> long term probably not a whole lot. it highlights even in general if we think we'll avoid the fiscal cliff, people do appreciate that some taxes will have to go
PBS
Dec 4, 2012 4:30pm PST
and spending cuts hit, president obama today said he's still optimistic a deal will be done and he's willing to compromise, but negotiations just aren't there yet. >> it's going to require what i talked about in the campaign, which is a balanced, responsible approach to deficit reduction that can help give businesses certainty and make sure the country grows. >> tom: the president rejected the proposal republicans presented him yesterday. it would cut the debt by $2.2 trillion over ten years, but would not raise taxes on america's highest earners, the biggest sticking point. the two sides seem to be allowing themselves room to bargain. the president said today he'd be open to lowering tax rates for high earners later next year as part of a broad tax reform package. and senate republican leader mitch mcconnell did not directly endorse the g.o.p. plan. for now, house speaker boehner put the ball in the president's court, releasing a statement: "the president now has an obligation to respond with a proposal that can pass both chambers of congress." >> susie: we turn tonight to other opinions on
CNBC
Dec 5, 2012 4:00am EST
negotiations appear to be going nowhere. today president obama will meet with members of the business round table. plus, on the economic calendar, the november adp report on employment is due at 8:15 eastern. u.s. equity futures at this hour are indicated higher. not much happened yesterday. it's wednesday, december 5th, 2012, and "squawk box" begins right now.
CNBC
Dec 5, 2012 9:00am EST
ahead, of course, live coverage of president obama's remarks on the fiscal cliff and the negotiations before the business roundtable. we'll bring that to you live in just a few minutes. [ male announcer ] citi turns 200 this year. in that time there've been some good days. and some difficult ones. but, through it all, we've persevered, supporting some of the biggest ideas in modern history. so why should our anniversary matter to you? because for 200 years, we've been helping ideas move from ambition to achievement. and the next great idea could be yours. ♪ >>> with the internet streaming space, hey, there melissa, we're looking at netflix bouncing around based on comments from the chief content cipher but the stock took a bit of a hit when he said that netflix has to plans to cover the costs of the disney deal. nevertheless causing the stock to come off the best levels of the day. back to you, carl. >>> the president is about to speak in front of the business roundtable. good morning, john. >> good morning, carl. he's talking to the business roundtable. you can expect him to highli
FOX Business
Nov 29, 2012 11:00am EST
inserted himself into the peace agreement between israel and hamas. >> he negotiated a cease-fire between israel and hamas, the words were not out of president obama's mouth praising him for this, offering to help him with half a billion dollars of aid, convincing the imf to give him almost $5 billion of aid and what did morsi do? e seized all the controls of power. already got the parliament and the presidency, put his guys in the military and taking over. connell: in the old days they used to say hosni mubarak was not the best guy in the world but the u.s. can work with him. what about now? >> that is an important difference to make because he was a dictator, hosni mubarak was that he was our guy, pro-american and kept peace with israel. the new guy is a dictator too but not necessarily our guy. not necessarily pro-american. he is part of the muslim brotherhood which is a movement going through the entire middle east now, hijacking the arabs spring and they are anti-american, anti israeli and islamist. dagen: why not pull our funding from the country? >> what we should do is say to them
CNBC
Dec 5, 2012 1:00pm EST
of this negotiation. >> eamon javers, thank you. >>> john harwood has the latest on mr. obama's big meeting with some of those ceos. john? >> the other way the ceos are in the middle of this is the president appeared before the business roundtable today as part of his effort to continue rounding up support from various constituencies for what he calls a balanced approach. one of the things he pressed was a priority that the head of the business roundtable, john eng r engler, has suggested which is a longer term fix to the debt ceiling problem. remember that it was a catastrophic standoff in mid 2011 that caused the downgrade in u.s. credit. president said he's simply not going to negotiate in the negotiating process that results in the same kind of stand-off. here is the president. >> if congress in any way suggests that they're going to tie negotiations to debt ceiling votes and take us to the brink of default once again as part of a budget negotiation? which, by the way, we have never done in our history until we did it last year. i will not play that game because we've got to break that habit bef
CNBC
Dec 6, 2012 1:00pm EST
, and then on everybody else. >> it does feel like there is some negotiating going on behind the scenes here. we are told that president obama and speaker john boehner on the republican side of the capitol had a conference call yesterday about 20, 28 minutes in length. we don't know what was said. that's probably a good sign they are not leaking the contents of that call. that's a sign that there is some negotiation going on. something is happening behind the scenes but we just don't know what it is right now. back to you. >> eamon javers, thank you very much. >>> what can be done to break the stalemate in washington? representative jack kingston is a republican from georgia, member of the house appropriations committee. welcome, congressman. good to have you with us. >> thank you, tyler. >> we had the images yesterday of congress leaving for a long weekend. i have to say that it struck an awful lot of us as very poor sort of pr, very bad optics, if you want to use that term. you're still there in washington. why? and what do you think about the fact that congress went home? >> well, i'm actually doing s
FOX Business
Dec 3, 2012 1:00pm EST
montgomery scott. thank you, mark. dennis: on deck we have president obama taking questions on the cliff on twitter this hour. latest on negotiations or lack thereof coming up. tracy: did you tweet your question yet? dennis: not yet. tracy: higher taxes on the wealthy prompted an exodus from france and britain. will americans follow them to other countries? looks how oil is trading as we head out to break. pretty much flat. $89.08 a barrel. we'll be right back. tracy: it is time to make money with charles payne. this hour we're taking a look at a farm cute -- pharmaceutical company in the green. points.own about three >> market is not looking good. this is called medicis company. it is not relativelily well-known. beat the street, 27%, 47%. they had a miss. stock pulled back. they have three strong products. what i'm intrigued by is the proddct pipeline. they have anti-platelet agents that was reviewed by the university of munich. tremendous review. patients on the verge of having cardiac surgery got to get all that plavix out or counteract that. if this gets approved, three products in
PBS
Nov 30, 2012 4:30pm PST
speaker characterized the negotiations to avoid huge tax increases and spending cuts at a stalemate. the race to solve the fiscal cliff triggered another round of dramatic sound bites from republicans and president obama. darren gersh has the latest. >> reporter: the president is still pushing to wrap up a deal on the fiscal cliff before christmas and just in case anyone missed that point, he visited a toy factory to urge congress to avoid raising taxes on the middle class. >> that's sort of like the lump of coal you get for christmas. that's a scrooge christmas. a typical middle-class family of four would see their income taxes go up by about $2,200. >> reporter: t psidents oposg to raise taxesy $1.6 trillion, while cutting spending by $400 billion. on top of that, mr. obama asked for $50 billion more for infrastructure spending and $140 billion to extend unemployment insurance benefits and the payroll tax cut. republicans literally laughed it off. >> they want... they want to have this extra spending that's actually greater than the amount they're willing to cut. i mean, it's... i
FOX Business
Nov 30, 2012 4:00pm EST
movement on the cutting of spending either. peter: president obama and john boehner in front of cameras to make their cases in the battle over the fiscal cliff. the speaker said he is willing to move forward with negotiations in good faith after republicans rejected the president's first formal offer yesterday as being short on spending cuts, but it doesn't sound like anyone has put the brakes on the road to the coin. >> let's not kid ourselves. i am not trying to make this more difficult. i have been very guarded. i don't want to make it harder for me or the president or members of both parties to find common ground. >> this is not some run-of-the-mill debate, not about which political party can come out on top in negotiations and all of us get out of our comfort zones to make that happen. i am willing to do at and i am hopeful enough members of congress in both parties are willing to do that as well. >> the president's plan repeat his demand for $1.6 trillion over ten years on families making $250,000 a year and includes $400 billion in cuts, savings in medicare and medicaid and other
CNBC
Nov 30, 2012 9:00am EST
's the right guy to be sitting in that room doing negotiating. >> they have tried the boehner/obama dynamic before. the lessons from that weren't universally positive. >> you have to keep at it. that's what the american people expect of everybody in washington to sit down and work together and work this thing out and not use other people to be your spokesperson and trying to work out negotiation. the president needs to be here in washington, d.c. in the conference room working out this problem. that's what he was elected to do. >> clearly he will be in pennsylvania and watching that as well. congressman, thank you for your time. >> thank you for having me. appreciate it. >> congressman jim gerlach. >>> coming up next, rick santelli is champing at the bit today so we moved up santelli exchange an hour earlier. don't miss his take on costco. >> we have an exclusive interview with goldman sachs chief u.s. equity strategist david kostin. he thinks the market will rise 12% next year. he'll give you his five best investment ideas. stay with us. if you are one of the millions of men who have used
CNBC
Dec 4, 2012 9:00am EST
and will also lead to incremental job creation. >> negotiations continue on the fiscal cliff. obama appeared yesterday to raise prospect that some sort of modification on the deduction for interest payments could be put on the table. there are many people within the housing industry that go screaming around like headless chickens at the prospect of that. do you think it would have a huge impact if it came through? >> the biggest single risk that could derail the housing recovery. we're in the second or third innings out of nine. anything that flexes downward deductibility of interest expense for home mortgages is potentially catastrophic threat to the recovery. >> really? do you think that in the toll brothers space that whether or not people get a check for $10,000 is going to affect whether they purchase a house? >> what we're really talking about here, simon, is the incremental buyer on the margin. it's a question of do we have buyers? yes. are the number of buyers increasing? something which takes $10,000 out of your pocket will make you less likely to buy a house. it will have a negativ
CNBC
Nov 29, 2012 6:00am EST
the president's plan. i've done enough negotiations in business to understand who is negotiating in good faith wlorks is moving the goal posts. i think it's time right now for president obama to show the american people his full balanced plan. we haven't seen it. democrats haven't passed a budget in over three years. there's not one democrat that has voted for a plan yet. until republicans see the plan from the president, from democrats, it's very difficult for us to be compromising if anything. right now we're just negotiating with ourselves. that's really a pretty bad negotiating strategy. we should stop doing that, we should be talking about not playing brinkmanship. what we should do is extend all the current rates permanently. that would return certainty to the economy. it would restore confidence. and that's probably the biggest thing we need to do to grow our economy. let's quit having these fiscal cliffs. and let's not be threatening government shut downs. let's sit down in a good faith effort and that's what president obama is not doing. he's back on the campaign trail which will is u
CNBC
Dec 6, 2012 9:00am EST
and president obama speaking on the phone last night about the fiscal cliff. there still seems to be a freeze in the negotiation. >> there's nothing going on privately that's not going on the publicly. >> they've got to come with some specific revenue. they have refused to do that. >> we need that consensual break through. >> although the president seems obsessed on raising taxes for you. >> that is a bad strategy for america, it's a bad strategy for your businesses and it is not a game that i will play. >> is the administration prepared too go over the fiscal cliff? >> oh, absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the wealthiest 2%. remember it's only 2%. >> with just 25 days to go, the political satandoff could cost the u.s. millions of jobs. professor, good to have you back, good morning. >> good to be here, thanks. >> good read in the journal yesterday from you and if anybody needed to worry about this more, you invoke carter, you're talking about 1980. kind of scenarios if in fact we go over the cliff? >> yes, i can't stop thinking about
FOX Business
Dec 5, 2012 9:20am EST
. they are becoming enablering of obama -- they are becoming enablers obama is spending us into oblivion. stuart: if john boehner takes any questions, we will go back to it. we're going to concentrate on speaker boehner because he's the principal negotiator. i didn't make much of that and i don't think you did either. >> i was disappointed he didn't make a counteroffer or didn't say here's what we will do, here's what we will never do. stuart: should he be negotiating in front of the cameras? >> the president does it. stuart: what you are saying is do not cave on anything. right? i mean that's your position. >> not anything substantial. obviously you can compromise on things that are not substantial, but new taxes, new borrowing and new spending, that's substantial. stuart: would you be prepared to see republicans take the blame and they will get the blame if we fail to get an agreement and we go into recession? >> well, if they know how to deal with this properly, they so-called fiscal cliff is a piece of legislation, enacted by a republican house, a democratic senate and signed by a democratic
CNN
Dec 3, 2012 2:00am PST
. the white house, zoraida, after really not being happy with the pace of negotiations a week before last, sent treasury secretary tim geithner to the hill to talk to house republicans and lay out what really has been public, what president obama wants, or at least his opening offer for deficit reduction, about $1.6 trillion in new taxes and significantly less in spending cuts. in entitlement reform, and now you have the white house really sensing that they have some leverage here, saying to house republicans, you know what? you go ahead and you put the meat on the bones when it comes to this really politically precarious part of entitlement which is often construed as cutting entitlements like medicare. here's what tim geithner said. >> we laid out a program of how we do it in what stages with $600 million of spending cuts in ten years over entitlement programs. the thing now is for them to come to us and say here's what we think makes sense. we've told them hat we think makes sense. they have to come tell us. >> so he's drawing a line there in the sand. we also heard over the weekend fr
Search Results 0 to 39 of about 40 (some duplicates have been removed)